BP Plc (BP) entered into a deal with India’s Reliance Global Holdings Pte. Ltd. to sell its purified terephthalic acid (PTA) production plant in Malaysia. This all-in-cash deal is worth...(
read more)
Scheduled shutdowns of Px plants during the period Aug-Oct11 accumulate to 4.43mnMT which has resulted in Px prices jumping ahead by 9% since Aug 15’11. However, PTA capacity of 4.04mnMT is also scheduled to go offline...(
read more)
Global Securities Pakistan
Eyeing 22% return as fundamentals intact
PTA prices in Asia have been on a consistent decline since the beginning of 2Q CY11 and have fallen by 17% from USD 1,515/MT towards the end of Mar11 to...(
read more)